08 February 2021 , 19:44 WIB / press release

JAKARTA, November 10, 2020 – PT Cisadane Sawit Raya Tbk (Bloomberg Stock Code: CSRA IJ) published its 9M20 unaudited financial reports. The Company has booked sales revenues of IDR 451.24 billion during

9M20, increased 20.6% compared to the same period last year. This significant increase was mainly derived from the positive trend of rising average selling prices of oil palm commodity prices. This upsurge was also contributed by consistent internal achievement of the volume of production of fresh fruit bunches.

 The 9M20 gross profit has strengthened to IDR 199.91 billion or grew 67.34% compared to the same period last year with increased gross profit margin of 44.3%, compared to 35.5% in 9M19. The 9M20 operating expense were maintained efficiently to result on doubled operating profit of IDR 119.18 billion, compared to 9M19. The Company's 9M20 net earnings was also closed positively with more than fourfold increase to IDR 64.02 billion. All those encouraging achievements have demonstrated the Company's efforts to maintain business growth in balance with sustainable development.

 This positive performance in 9M20 is also a special reward for CSRA which has just celebrated its 37th anniversary on October 28, 2020. In a simple celebration amidst this pandemic condition, the Company has again made up its mind to give full commitment to sustainably provide optimal contribution to all its stakeholders.

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